EJAN vs. LLII

Last updated Jun 4, 2026

EJAN (Innovator Emerging Markets Power Buffer ETF January) and LLII (REX LLY Growth & Income ETF) are both exchange-traded funds - EJAN is a Volatility Hedged Equity fund tracking the MSCI Emerging Markets Index, while LLII is a Derivative Income fund actively managed by REX. EJAN is passively managed, while LLII is actively managed. At a 0.11 correlation, their price movements are largely independent. EJAN charges 0.89%/yr vs 0.99%/yr for LLII.

Performance

EJAN vs. LLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets Power Buffer ETF January (EJAN) and REX LLY Growth & Income ETF (LLII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EJAN achieves a 6.45% return, which is significantly higher than LLII's -4.28% return.

EJAN

• 1D: -0.33%
• 1M: 0.93%
• YTD: 6.45%
• 6M: 7.11%
• 1Y: 15.77%
• 3Y*: 8.49%
• 5Y*: 2.91%
• 10Y*: —

LLII

• 1D: 1.47%
• 1M: 9.79%
• YTD: -4.28%
• 6M: 0.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EJAN vs. LLII - Yearly Performance Comparison

	2026 (YTD)	2025
EJAN Innovator Emerging Markets Power Buffer ETF January	6.45%	1.36%
LLII REX LLY Growth & Income ETF	-4.28%	19.03%

Correlation

The correlation between EJAN and LLII is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.11

Return for Risk

EJAN vs. LLII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EJAN

EJAN Risk / Return Rank: 63
EJAN Sharpe Ratio Rank: 60
EJAN Sortino Ratio Rank: 63
EJAN Omega Ratio Rank: 79
EJAN Calmar Ratio Rank: 49
EJAN Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EJAN vs. LLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF January (EJAN) and REX LLY Growth & Income ETF (LLII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EJAN	LLII	Difference
Sharpe ratio Return per unit of total volatility	2.00	—	—
Sortino ratio Return per unit of downside risk	2.91	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	2.39	—	—
Martin ratio Return relative to average drawdown	11.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EJAN	LLII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.71	-0.35

Drawdowns

EJAN vs. LLII - Drawdown Comparison

The maximum EJAN drawdown since its inception was -22.23%, smaller than the maximum LLII drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for EJAN and LLII.

Drawdown Indicators

	EJAN	LLII	Difference
Max Drawdown Largest peak-to-trough decline	-22.23%	-23.96%	+1.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	—	—
Current Drawdown Current decline from peak	-0.39%	-6.88%	+6.49%
Average Drawdown Average peak-to-trough decline	-5.78%	-9.28%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	—	—

Volatility

Volatility by Period

	EJAN	LLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.92%	36.42%	-28.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.11%	36.42%	-25.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.68%	36.42%	-23.74%

EJAN vs. LLII - Expense Ratio Comparison

EJAN has a 0.89% expense ratio, which is lower than LLII's 0.99% expense ratio.

Dividends

EJAN vs. LLII - Dividend Comparison

EJAN has not paid dividends to shareholders, while LLII's dividend yield for the trailing twelve months is around 25.95%.

Position	TTM	2025
EJAN Innovator Emerging Markets Power Buffer ETF January	0.00%	0.00%
LLII REX LLY Growth & Income ETF	25.95%	5.13%

Frequently Asked Questions

Can I hold both EJAN and LLII in my portfolio?

EJAN and LLII have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EJAN or LLII?

On fees, EJAN is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EJAN or LLII?

EJAN is cheaper with a 0.89% expense ratio, compared with 0.99% for LLII.

Which ETF pays a higher dividend yield, EJAN or LLII?

LLII has the higher dividend yield at 25.95%, compared with 0.00% for EJAN.

What is the main difference between EJAN and LLII?

EJAN is categorized as Volatility Hedged Equity, while LLII is Derivative Income. They also come from different issuers: Innovator and REX. Their fees differ too: 0.89% for EJAN and 0.99% for LLII.